"I think it would be cool," Phelps told Yahoo, adding that he hopes to hit all of next year's Triple Crown races as an observer, if not a shopper.

Yahoo also pointed out that before Preakness this year, Phelps felt out thoroughbred trainer Bob Baffert about conditioning a horse for him and Bowman. Bowman, by the way, refers to himself as a "horseman" on his Twitter account.